Asset Management Associate Average Salary in Palma de Mallorca 2024
How much money does a person working as Asset Management Associate make in Palma de Mallorca?
LOW
1,080
EUR AVERAGE
2,340
EUR HIGH
3,720
EUR
A person working as Asset Management Associate in Palma de Mallorca typically earns around 2,340 EUR. Salaries range from 1,080 EUR (lowest) to 3,720 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Asset Management Associate salaries in Palma de Mallorca vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Asset Management Associate Pay Scale and Salaries in Palma de Mallorca
Salary Structure and Pay Scale Comparison
2,220 EUR or more
1,950 to 2,220 EUR
1,340 EUR or less
1,340 to 1,950 EUR
 1,080 EUR |
2,240 EUR |
3,720 EUR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Asset Management Associate in Palma de Mallorca range from 1,080 EUR (starting salary) to 3,720 EUR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 2,240 EUR, half of the professionals who work as Asset Management Associate in Palma de Mallorca earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Asset Management Associate in Palma de Mallorca earn less than 1,800 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 2,580 EUR while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Asset Management Associate in Palma de Mallorca compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,340 EUR to 1,950 EUR. About 20% of salaries are below the 1,340 EUR mark, while 10% fall within the range of 1,950 EUR to 2,220 EUR. Only 5% of individuals have salaries exceeding 2,220 EUR.
Salary Comparison by Years of Experience / Asset Management Associate / Palma de Mallorca
How do experience and age affect pay?
| 0 - 2 Years | 1,220 EUR | |
| 2 - 5 Years | +34% | 1,630 EUR |
| 5 - 10 Years | +48% | 2,410 EUR |
| 10 - 15 Years | +22% | 2,940 EUR |
| 15 - 20 Years | +9% | 3,210 EUR |
| 20+ Years | +8% | 3,470 EUR |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Asset Management Associate and this is what we found.
Employees with less than two years of experience earn approximately 1,220 EUR.
While someone with an experience level between two and five years is expected to earn 1,630 EUR, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 2,410 EUR, 48% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 2,940 EUR, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 3,210 EUR, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 3,470 EUR, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Asset Management Associate / Palma de Mallorca
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Asset Management Associate.
| High School | 1,400 EUR | |
| Certificate or Diploma | +57% | 2,190 EUR |
| Bachelor's Degree | +68% | 3,670 EUR |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Asset Management Associate in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 1,400 EUR.
Level 2: Certificate or Diploma
At this level, the average salary becomes 2,190 EUR, 57% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 3,670 EUR, 68% more than the previous level.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Asset Management Associate / Palma de Mallorca
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Asset Management Associate in Spain, the average difference between the salary of male and female employees is 5%.
| Male | 2,680 EUR | |
| Female | -5% | 2,550 EUR |
Salary Comparison By Gender in Spain for all Careers
Average Annual Salary Increment Percentage / Asset Management Associate / Palma de Mallorca
How much are annual salary increments in Palma de Mallorca for individuals working as Asset Management Associate? How often do employees get salary raises?
Individuals working as Asset Management Associate in Spain are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.
Spain / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Asset Management Associate / Spain
How much and how often are bonuses being awarded?
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Asset Management Associate / Palma de Mallorca
14 EUR per hourThe average hourly wage (pay per hour) for individuals working as Asset Management Associate in Palma de Mallorca is 14 EUR.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Asset Management Associate in Palma de Mallorca is 6 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Purchasing and Inventory |  -100% | |
| Asset Management Associate | 2,340 EUR | -0% |
| Asset Protection Associate | 2,310 EUR | -1% |
| Asset Protection Specialist | 2,620 EUR |  +12% |
| Assistant Buyer | 2,130 EUR | -9% |
| Buyer | 3,660 EUR | +56% |
| Capacity Planner | 2,630 EUR | +12% |
| Category Leader | 2,400 EUR | +2% |
| Category Management Specialist | 2,650 EUR | +13% |
| Category Manager | 2,680 EUR | +14% |
| Channel Services Representative | 2,480 EUR | +6% |
| Contracts Manager | 3,010 EUR | +29% |
| Contracts Specialist | 2,380 EUR | +2% |
| Demand Planner | 2,680 EUR | +14% |
| Demand Planning Manager | 3,140 EUR | +34% |
| Digital Procurement Manager | 2,970 EUR | +27% |
| Distribution Assistant | 2,090 EUR | -11% |
| Distribution Associate | 2,280 EUR | -3% |
| Distribution Manager | 4,720 EUR | +100% |
| E-Commerce Buyer | 2,540 EUR | +8% |
| E-procurement Specialist | 3,030 EUR | +29% |
| Freight and Customs Compliance Manager | 2,970 EUR | +27% |
| Green Procurement Specialist | 2,540 EUR | +8% |
| Inventory Analyst | 2,500 EUR | +7% |
| Inventory Analytics Manager | 2,320 EUR | -1% |
| Inventory Control Clerk | 1,410 EUR | -40% |
| Inventory Control Manager | 3,180 EUR | +36% |
| Inventory Management Associate | 2,560 EUR | +9% |
| Inventory Optimization Manager | 3,010 EUR | +29% |
| Inventory Specialist | 2,510 EUR | +7% |
| Logistics Automation Engineer | 2,740 EUR | +17% |
| Logistics Engineer | 2,310 EUR | -1% |
| Master Planner | 2,380 EUR | +2% |
| Material Handler | 1,620 EUR | -31% |
| Material Planning Specialist | 2,150 EUR | -8% |
| Merchandise Manager | 2,830 EUR | +21% |
| Procurement Administrator | 2,870 EUR | +23% |
| Procurement Agent | 1,870 EUR | -20% |
| Procurement Analyst | 3,070 EUR | +31% |
| Procurement Assistant | 2,020 EUR | -14% |
| Procurement Associate | 2,670 EUR | +14% |
| Procurement Clerk | 1,250 EUR | -47% |
| Procurement Engineer | 2,440 EUR | +4% |
| Procurement Manager | 4,680 EUR | +100% |
| Procurement Officer | 1,230 EUR | -47% |
| Procurement Process Analyst | 2,950 EUR | +26% |
| Procurement Risk Manager | 2,880 EUR | +23% |
| Procurement Specialist | 2,280 EUR | -3% |
| Procurement Technology Consultant | 2,850 EUR | +22% |
| Production Planner | 2,700 EUR | +15% |
| Project Buyer | 3,130 EUR | +34% |
| Purchaser | 3,420 EUR | +46% |
| Purchasing Agent | 2,030 EUR | -13% |
| Purchasing Assistant | 1,460 EUR | -38% |
| Purchasing Manager | 4,550 EUR | +94% |
| Purchasing Officer | 2,240 EUR | -4% |
| Purchasing Supervisor | 3,370 EUR | +44% |
| Shipping and Receiving Clerk | 1,270 EUR | -46% |
| Shipping Coordinator | 2,390 EUR | +2% |
| Stock Clerk | 1,340 EUR | -43% |
| Stock Regulator | 1,530 EUR | -35% |
| Storage Manager | 3,070 EUR | +31% |
| Store Keeper | 1,310 EUR | -44% |
| Stores and Logistics Coordinator | 2,650 EUR | +13% |
| Strategic Sourcing Analyst | 3,310 EUR | +41% |
| Supplier Diversity Program Manager | 3,260 EUR | +39% |
| Supplier Relationship Manager | 3,360 EUR | +43% |
| Supply Chain Analyst | 3,390 EUR | +45% |
| Supply Chain Coordinator | 2,580 EUR | +10% |
| Supply Chain Development Manager | 4,550 EUR | +94% |
| Supply Chain Director | 5,010 EUR | +110% |
| Supply Chain Manager | 4,530 EUR | +93% |
| Supply Planner | 2,310 EUR | -1% |
| Sustainability Procurement Specialist | 3,100 EUR | +32% |
| Sustainable Sourcing Specialist | 2,360 EUR | +1% |
| Sustainable Supply Chain Manager | 3,660 EUR | +56% |
| Third Party Logistics Manager | 3,920 EUR | +67% |
| Vendor Management Specialist | 3,350 EUR | +43% |
| Warehouse Assistant | 1,080 EUR | -54% |
| Warehouse Automation Engineer | 2,390 EUR | +2% |
| Warehouse Clerk | 1,120 EUR | -52% |
| Warehouse Executive | 3,780 EUR | +61% |
| Warehouse Lead | 2,760 EUR | +18% |
| Warehouse Manager | 4,190 EUR | +79% |
| Warehouse Supervisor | 3,070 EUR | +31% |
| Wholesale Buyer | 3,670 EUR | +57% |
Salary Comparison By City
| City | Average Salary |
| Barcelona | 2,650 EUR |
| Madrid | 2,700 EUR |
| Palma de Mallorca | 2,340 EUR |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Spain is 5% on average across all career fields.
| Private Sector | 2,660 EUR | |
| Public Sector | +5% | 2,780 EUR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Asset Management Associate in Palma de Mallorca?
A good and competitive compensation would range anywhere between 2,240 EUR and 2,580 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Asset Management Associate in Palma de Mallorca ranges from 1,080 EUR to 1,800 EUR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
